Desalineamiento del Precio del Cobre: 2002-2009

Eduardo Lopez, Lorena Palomeque S.

Abstract

Title: MISALIGNMENT OF COPPER PRICE: 2002-2009.

This paper analyzes copper price behavior during 2002-2009 while incorporating the role of fundamentals in its determination. The main conclusion is that fluctuations in the dollar, global demand and revisions to expectations about future prices are the main factors behind copper prices during that period. Purely financial factors seem to have a statistically significant impact only in the short term.